The Senate Armed Services Committee (SASC) approved last night its version of the fiscal year 2012 defense authorization bill, which changes the Pentagon’s plans for the F-35 Joint Strike Fighter and Medium Extended Air Defense (MEADS) programs. SASC Chairman Carl Levin (D-Mich.) plans to brief reporters on the bill today. He is expected to announce changes to the Pentagon’s plans for Lockheed Martin’s [LMT] F-35. The committee has been critical of over-budget and behind-schedule program. During a May 19 SASC hearing members…
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Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain
Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]
“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal
As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]
Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill
The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]
Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns
Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]
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